Worst fall in Indian trading history2008-01-21 17:26:20 Source : CNBC-TV18

By Varinder Bansal, CNBC-TV18

It was a highly dramatic and scary day for markets as markets saw their biggest ever fall. It was the worst day of trading in our trading history as the pace of the fall was unnerving.

Sensex was down at nearly 1,400 points at the close of the day at one point of time and there are recession concerns coming from the US. There was also margin call pressure and technical pressure on the markets today but on and all, in one word, this was a worst day.

If we go back into the history, it was on 18 May 2006 when we saw the second highest fall which was about 826 points or nearly a 6.5% fall in the Sensex and the concerns at that point of time was because of a government circular on taxing investment gains and also heavy selling by the FIIs, retailers and also the local brokers, and also there was weakness in the global markets.

The third highest fall was noticed on 28^th April 1992, when the Harshad Mehta scam broke out, when the Sensex nose-dived to 570 points which was around 13% because the base was very low.

The fourth highest was around 17^th May 2004, we saw a Black Monday when the Sensex nose-dived at around 565 points on account of NDA loosing elections to BJP.

but today's fall has been the worst fall which you could ever see in the Indian markets because not only we touched 10% but we also were very close to 15% which was seen only once in the history of entire Indian stock market, so this was a very bad day to put in words.